Қарыз берушінің жеке жауапкершілігі жоқ қарыз туралы

Nonrecourse debt or a nonrecourse loan (sometimes hyphenated as non recourse) is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender can seize and sell the collateral, but if the collateral sells for less than the debt, the lender cannot seek that deficiency balance from the borrower—its recovery is limited only to the value of the collateral. Thus, nonrecourse debt is typically limited to 50% or 60% loan to value ratios, so that the property itself provides "overcollateralization" of the loan. The incentives for the parties are at an intermediate position between those of a full recourse secured loan and a totally unsecured loan. While the borrower is in first loss position, the lender also assumes significant risk, so the lender must underwrite the loan with much more care than in a full recourse loan. This typically requires that the lender have significant domain expertise and financial modeling expertise.

In Europe, mortgage loans secured by personal residences are usually recourse loans. Most states in the United States also permit recourse for residential mortgages, but antideficiency statutes in a minority of states require nonrecourse mortgages. Around 13 states can be classified as nonrecourse states, depending on a researcher's classification standards. Self directed IRA investors who choose to purchase investment real estate are able to leverage their purchase with a nonrecourse loan. Due to Internal Revenue Service regulations, it would be deemed a violation of the qualified retirement account status to personally guarantee any loan on real estate owned by a self directed IRA. A property assessed clean energy (PACE) loan, used by some states to fund residential energy improvements, is an example of a loan that is nonrecourse to the borrower.

Nonrecourse debt is typically used to finance commercial real estate, shipping, or other projects with high capital expenditures, long loan periods, and uncertain revenue streams. It is also commonly used for stock loans and other securities collateralized lending structures. Since most commercial real estate is owned in a partnership structure (or similar tax pass through), nonrecourse borrowing gives the real estate owner the tax benefits of a tax pass through partnership structure (that is, loss pass through and no double taxation), and simultaneously limits personal liability to the value of the investment. A nonrecourse debt of $30 billion was issued to JPMorgan Chase by the Federal Reserve in order to purchase Bear Stearns on March 16, 2008. The nonrecourse loan was issued with Bear Stearns's less liquid assets as collateral, meaning that the Federal Reserve will absorb the loss should the value of those assets be below their collateralized value. The legal financing industry provides nonrecourse financial products used to provide financial assistance to plaintiffs involved in a contingency based lawsuit like a car accident. The funds are provided to the consumer on the potential settlement amount. This money is true nonrecourse funding, if the case is lost, one does not owe the company funding the lawsuit anything. This is a purchase of an asset and not a loan.